A management information system (MIS) is a computer system consisting of hardware and software that serve as the backbone of these operations. The major function of MIS is to gather information from multiple systems, soon after gathering the information, then it analyses the information and reports the data which eventually assist in decision making.

MIS can be simplified as a collection of systems, hardware, procedures and people. All these segments work together to store, process and produce information that is useful to the organisation.

Why do need MIS?

Following are reasons behind why MIS is essential for the career:

Credible information is demanded to make rightful decisions and MIS assist to make this happen.

Facilitate internal and external communication in and outside of the organisation, employees within the organisation is able to access the required information for the day to day operations. MIS also creates short messages and email services offered to communicate to the customers and suppliers from within.

Recordkeeping, MIS also aid in keeping the record of all the business transactions of an organisation so that they can use it as a reference for the transactions.

Components of MIS

For typical management information systems following are the major components:

People – people who use the information system

Data – the data that the information system records

Business Procedures – procedures put in place on how to record, store and analyze data